purchases Galaxy.com domain name acquired for $1.8 million by Galaxy Digital

[GeorgeK]

As I noted on my blog:

https://freespeech.com/2022/01/29/galaxy-com-domain-name-acquired-for-1-8-million-by-galaxy-digital/

a new SEC filing, plus some digging, reveals that the Galaxy.com domain name was acquired for USD $1.8 million by crypto company Galaxy Digital last year. This is a gigantic upgrade compared to their GalaxyDigital.io domain name.

 

[Business Brands]

Good they did not start with a $10,000,000 offer.

 

[Kingslayer]

Great domain, i think it could have gone for more, but still $1.8m is a lot of money.

Thanks for the info

 

[1Darko]

Samsung managers sleeping ...

 

[Chris Hydrick]

Congrats to buyer, seller, and @MediaOptions

https://twitter.com/x/status/1487527560846139398

 

[Armageddon]

Samsung managers sleeping ...

Galaxy is a generic term they cant own all mikyway galaxy

 

[1Darko]

Galaxy is a generic term they cant own all mikyway galaxy

They can't but they could...

 

[Armageddon]

They can't but they could...

Nehhh to much expensive

 

[GeorgeK]

Based on Ron Jackson's new information from the buyer's broker, I've updated the headline and text of the original article, see:

https://freespeech.com/2022/01/29/galaxy-com-domain-name-acquired-for-1-8-million-by-galaxy-digital/

for the updated article. Briefly, it's possible that the Galaxy.com deal was for MORE than $1.8 million.

 

[Kingslayer]

Based on Ron Jackson's new information from the buyer's broker, I've updated the headline and text of the original article, see:

https://freespeech.com/2022/01/29/galaxy-com-domain-name-acquired-for-1-8-million-by-galaxy-digital/

for the updated article. Briefly, it's possible that the Galaxy.com deal was for MORE than $1.8 million.

Thanks for the updated info George, i don't like saying this with 7 figure deals ($1.8m was still a lot of money), but the price seemed a bit on the lower side for this domain.

Media Options represented the buyer right ie. their job to not only acquire the domain, but keep the price down low as possible?

 

[GeorgeK]

Media Options represented the buyer right ie. their job to not only acquire the domain, but keep the price down low as possible?

Yup, buyers want to acquire domains for as little as possible, and sellers want to maximize the transaction price.....nothing controversial there...

 

[Kingslayer]

Yup, buyers want to acquire domains for as little as possible, and sellers want to maximize the transaction price.....nothing controversial there...

Well if it did sell for $1.8m, i would have said Media Options did a great job for their client (buyer),

I would think they may have got the price down a little from $5m asking price, but in Ron's article the words used by Andrew was "substantially higher" so could be around a $3m deal if i was to make a guess, which would still be a great price for the buyer in my opinion.

 

[AEProgram]

They got a steal. The name is worth 50 mil

 

[Amar D]

Amazing domain! They got it for cheap.

 

[GeorgeK]

I again updated the original article re: the Galaxy(.)com domain name transaction to confirm that the seller did indeed receive USD $1.8 million, based on Ron Jackson's final information from the buyer's broker:

https://freespeech.com/2022/01/29/galaxy-com-domain-name-acquired-for-1-8-million-by-galaxy-digital/

 

[iAdam]

That's a steal.. who brokered this deal? it makes me wonder if brokers really care about the real value or they just want to make a commission? I'm sure if it was Rick's domain, he will be getting 30X for it.

 

[iAdam]

I just read the "Acquired with the assistance and tactical negotiation of @MediaOptions!" Tactical?
is it tactical for the buyer or for the seller?

 

[freety85]

I just read the "Acquired with the assistance and tactical negotiation of @MediaOptions!" Tactical?
is it tactical for the buyer or for the seller?

well if they were hired as buyer broker they did a great job to bring the price down. This is an awesome deal for the company who bough it, even if 1.8M is a lot of money.

 

[Kingslayer]

That's a steal.. who brokered this deal? it makes me wonder if brokers really care about the real value or they just want to make a commission? I'm sure if it was Rick's domain, he will be getting 30X for it.

It's a great domain, i was thinking about it the other day, i think the reason why we think it's so good is because of Samsung Galaxy and possibly Galaxy chocolate bar, but it's not industry defining.

Pretend Samsung Galaxy didn't exist, would 'galaxy' still be as valuable as what we think? What i mean by that, is no doubt its a 7 figure domain, but is it a domain worth mid-7/possibly 8 figures or is value only enhanced by Samsung?

On reflection, if Samsung wasn't interested $2m to $3m could be about right and although not the official price with commision and what not it is a $2m+ deal.

 

[FolioTeam]

It's a great domain, i was thinking about it the other day, i think the reason why we think it's so good is because of Samsung Galaxy and possibly Galaxy chocolate bar, but it's not industry defining.

Pretend Samsung Galaxy didn't exist, would 'galaxy' still be as valuable as what we think? What i mean by that, is no doubt its a 7 figure domain, but is it a domain worth mid-7/possibly 8 figures or is value only enhanced by Samsung?

On reflection, if Samsung wasn't interested $2m to $3m could be about right and although not the official price with commision and what not it is a $2m+ deal.

It might also be a metaverse play as well. Dunno.

Single word domains like space, earth, terra, universe, planet, world etc that can be used to define space will be in hot demand right now as everyone seems to want a finger in the metaverse pie

 

[topdom]

When negotating at Dan, Dan says " Media options can handle this sale". What exactly do they mean. What would be the benefit of it. They will get their own share, leaving less for me.

 

[FolioTeam]

When negotating at Dan, Dan says " Media options can handle this sale". What exactly do they mean. What would be the benefit of it. They will get their own share, leaving less for me.

Yes. Commission rate for that option is 20% instead of 9%

 

[GeorgeK]

I've updated the original blog post with a more accurate figure for the domain name deal (using a more recent SEC filing), namely USD $1,761,000.

https://freespeech.com/2022/01/29/galaxy-com-domain-name-acquired-for-1-8-million-by-galaxy-digital/